Sentoria debuts on the Main Market at 84 sen
KUALA LUMPUR: Sentoria Group Bhd, made its debut on the Main Market of Bursa Malaysia Securities at 84 sen today, with 3,000 shares traded.
Thu, 23 Feb 2012 05:43:00 GMT
Petronas awards contract for LNG Train 9 project
KUALA LUMPUR: PETRONAS, which is embarking on a new production train project at its PETRONAS LNG Complex in Bintulu, Sarawak, has awarded the contract for the Front End Engineering Design (FEED) for it to JGC Corporation and to a partnership of Chiyoda Corporation and Saipem S.p.A.
Thu, 23 Feb 2012 05:38:04 GMT
POC to analyse palm oil's price outlook
KUALA LUMPUR: The annual Palm and Lauric Oils Conference & Exhibition (POC) will return from March 5 to 7, 2012 to analyse price outlook, trends, developments and challenges in the global palm and edible oils market.
Thu, 23 Feb 2012 05:32:37 GMT
Asian markets down at midday despite Greek bailout plan
Asian markets were mostly lower on Thursday, midday, as investors still remained concerned that the Greek bailout plan may not be sufficient to keep the country from defaulting on its debts.
Thu, 23 Feb 2012 05:30:51 GMT
Dr Mahathir urges Govt to study taxation mechanism in shipping sector
KUALA LUMPUR: Former prime minister Tun Dr Mahathir Mohamad has called on the government to study the current taxation mechanism in the shipping sector.
Thu, 23 Feb 2012 05:08:26 GMT
Ahmad Jauhari man of the hour at MAS
KUALA LUMPUR: It has been five months since Ahmad Jauhari Yahya took over the helm of Malaysia Airlines to examine ways to turn around the loss-making national carrier.
Thu, 23 Feb 2012 04:59:03 GMT
Genting Singapore swings to profit, eyes investments
SINGAPORE, Feb 22 (Reuters) - Casino operator Genting Singapore Plc said on Wednesday it was looking to invest in new projects after it swung to a net profit in the fourth quarter and announced its first-ever dividend.
Thu, 23 Feb 2012 00:48:42 GMT
HK IPO market stutters
HONG KONG: Hong Kong’s initial public offerings (IPOs) have suffered their worst start since 2009, failing to ride a stock market rally and forcing bankers in Asia’s main centre for new issues to pin their hopes on a US$700mil oil sands company offering to throw open the floodgates.
Thu, 23 Feb 2012 00:28:45 GMT
RM1.6b annual sales for KLIA2 retailers seen
KUALA LUMPUR: Malaysia Airports Holdings Bhd (MAHB), which will start awarding concessions to retailers for KLIA2 in April, expects the concessionaires to help it achieve annual sales of RM1.6bil once the new low-cost carrier terminal (LCCT) runs at full capacity.
Thu, 23 Feb 2012 00:24:32 GMT
Analysts: Revised NAP to lure car component makers
By THOMAS HUONG
Thu, 23 Feb 2012 00:22:00 GMT
Oil segment boosts TSH net profit
KUALA LUMPUR: Plantation company TSH Resources Bhd’s net profit for the year ended Dec 31, 2011, swelled by 43% to RM120.5mil as compared with the previous year, supported by its palm oil business.
Thu, 23 Feb 2012 00:18:41 GMT
Renewal of power pacts on
PETALING JAYA: Contrary to general perception, the renewal for power purchase agreements of the first generation independent power producers (IPPs), is on but subject to the current bidding process.
Thu, 23 Feb 2012 00:15:45 GMT
CEO: YTL Comms ‘always in talks’
KUALA LUMPUR: Wireless services provider YTL Communications Sdn Bhd, which offers the YES 4G service, says it is “always in talks” with its fellow industry players but has not moved beyond that.
Thu, 23 Feb 2012 00:11:32 GMT
January CPI up 2.7%, change in interest rate seen unlikely
PETALING JAYA: Judging from how consumer prices moved early this year, the chances of interest rates being lowered seem remote.
Thu, 23 Feb 2012 00:00:43 GMT
Check rising debt if private sector is to run the economy
FOR years, Malaysians have been told its time for the private sector to step up and drive the economy. The need is apparent as the Government, after years of pulling the economy, is feeling the strain.
Wed, 22 Feb 2012 23:59:05 GMT
Tycoon Ananda Krishnan plans RM6bil sale of power assets
HONG KONG: Malaysian tycoon T. Ananda Krishnan has put his entire power portfolio in Malaysia, South Asia, the Middle East and Egypt up for sale in a deal that could raise more than US$2bil (RM6bil), according to three sources familiar with the matter.
Wed, 22 Feb 2012 23:43:07 GMT
Felda: IPO still on
KUALA LUMPUR: Felda will go ahead with the proposed listing of its investment arm, Felda Global Ventures Holdings Bhd (FGVH), even without the direct involvement of Koperasi Permodalan Felda Malaysia Bhd (KPF), a cooperative owned by Felda settlers, their families and Felda staff.
Wed, 22 Feb 2012 23:37:25 GMT
Heathrow growth boosts BAA profit
LONDON: British airport operator BAA posted a 17% rise in full-year profit as it squeezed more growth from London’s Heathrow even though it had to turn away airlines eager to fly to new markets from Britain’s busiest airport.
Wed, 22 Feb 2012 23:29:04 GMT
Dragonair to buy 6 more planes
HONG KONG: Dragonair, a unit of Hong Kong’s dominant carrier Cathay Pacific Airways Ltd, says it plans to expand its fleet by 20% this year by adding six aircraft and will hire more staff to meet growing demand in Asia.
Wed, 22 Feb 2012 23:28:18 GMT
Peugeot-GM alliance?
PARIS: General Motors (GM) and PSA Peugeot Citroen are discussing a broad manufacturing alliance designed to stem losses in Europe and lower production costs elsewhere, according to sources with knowledge of the matter said.
Wed, 22 Feb 2012 23:27:31 GMT
Dell shares fall on earnings miss
SAN FRANCISCO: Dell Inc forecast fiscal first-quarter revenue below Wall Street’s expectations, stoking fears the personal computer (PC) industry has not fully emerged from its downturn and sending the company’s shares more than 4% lower.
Wed, 22 Feb 2012 23:24:49 GMT
Fitch downgrades Greece
ATHENS: Fitch downgraded Greece on Tuesday to C from CCC, a move widely expected after the country said it might enforce losses on bondholders who did not voluntarily sign up to a debt swap plan accompanying its EU/IMF-approved bailout.
Wed, 22 Feb 2012 23:21:23 GMT
Europe in G-20 spotlight
MEXICO CITY: Europe’s debt crisis will dominate talks between Group of 20 (G-20) policymakers this weekend as the rest of the world looks for pledges that the eurozone will boost its crisis safety net.
Wed, 22 Feb 2012 23:20:48 GMT
Accor confident on 2012, boosts dividend
PARIS: Europe’s largest hotel group, Accor, said it is confident a recovery in demand for hotel rooms would continue this year as it handed investors a higher-than-expected dividend on the back of forecast-beating 2011 profits.
Wed, 22 Feb 2012 23:19:15 GMT
China at risk of sharp fall
BEIJING: A property sector downturn and slumping global demand may knock China’s economy into a hard landing in 2012, a senior government economist told Reuters, putting more pressure on Beijing to speed up economic reforms and to open up the market.
Wed, 22 Feb 2012 23:18:36 GMT
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